HayatoDragonFX

XAUUSD, Daily trendline and MA-200 support

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello my friends,

In has been long since my last trade opportunity for XAUUSD

After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.

Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic .

We might see price bounce from this support to retest 1832-1835 area.

Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)

Use only 1-2% risk
Good luck